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20121205
20121213
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'll get. >> you know what, i think the environment, as you look out to next year, is really difficult, ross. i mean, you don't really know what is going to come out of the u.s. fiscal cliff, how damaging potentially that can be to u.s. confidence, u.s. activity. things seem to be holding up fairly well in china. but i think there is still going to be some concerns about the whole performance of the asian economy and whether that can actually pick up next year. and then, of course, in the eurozone itself, we seem to be mending the problems progressively and taking out the tail risks, which i think is good and that is the bottom line that investors should take going further forward, but at the same time, there are some elements that you can have. if you do a forecast, in a way you could come up with something like 1% quotes for next year, but at the same time, you have to be conscious that we've had such a battery of downside impact, downside negative news coming through really for all economists in the western world in the last few years. you have to be very cognizant of those. >> i th
not a cause for celebration. still a difficult operating environment. under the former chancellor's plan, we would have been borrowing less in the next three years. because the government has failed to get our economy growing and because the policies have pushed us into recent double dip recession, they'll be pr rowing 212 billion pounds more than they planned. put that in context, that is the equivalent of what we in the uk will be spending this financial year on health, transport and defense in aggregate. >> you were talking quite rightly about the low level of he have credit growth in the uk, which has obviously been a feature of this period. but there's a question of what's cause and what's effect there. the banks will tell you that that problem is not so much availability of credit, there's credit demand and even in the mortgage sector which under normal circumstances you might have been eager to see people borrow money. we're seeing net repayments for the first time for a very, very long time. so you can take the economy to water, but you can't make it drink. how do you respond. >> i s
win, i think you will see a move toward a poor -- a more investment-friendly environment which, in my view, rusty, will see bonds continue their downward trend. and you could see a new equilibrium in terms of bond yields. closer to peers, ukraine, mongolia, even nigeria which are yielding between 4% and 6%. you have to remember that venezuela has been in double-digit yield territory over the past ten years. precisely because of these distortionary policies and the nationalization from the chavez regime. a move toward opening the oil market, possibly joint ventures which is what the opposition has been talking about, in investment in the oil market would be a net positive. and i think would push venezuelan yield down to around the 4.5%, 5.5% arena. >> okay. following developments out of miami from baltic capital markets. >>> as the year draws to a close, twitter has made loggers log in, tweet, and re-tweet in 2010. the most re-tweeted, president obama's four more years after winning re-election last month, accompanied by a picture of him embracing first lady michelle obama. aside from
Search Results 0 to 2 of about 3